On an overseas acquisition spree over the past few years, Indian companies have suddenly become wary of making investments in foreign companies as a
result of the current global economic crisis, a report said on Monday.
The world has spent a staggering 11.9
trillion dollars to wriggle out of the financial crisis, the
sum which is enough to finance a 1,779 pound handout for every
person living on the planet, a newspaper said quoting the
The US budget deficit reached USD 1.3 trillion for the current fiscal year in July, official data showed, news set to fuel opposition to US President Barack Obama`s ambitious health care and climate change proposals.
Federal Reserve Chairman Ben Bernanke on Tuesday said the outlook for the long-suffering US economy was improving, but supportive policies would be needed for some time to prevent rising unemployment from undercutting recovery.